FX.co ★ South Africa 10-Year Bond Yield at 1-Month Low

South Africa’s 10-year bond yield hovered around 8.40%, its lowest level since April 20, as traders weighed ongoing geopolitical uncertainty alongside the latest monetary policy decision. Markets continued to receive mixed signals from both the United States and Iran regarding the status of negotiations to end the Middle East conflict and restore energy flows through the Strait of Hormuz. At the same time, the South African Reserve Bank raised its policy rate by 25 basis points to 7%, underscoring its continued efforts to contain inflation amid persistent geopolitical tensions.